DislikedLet me quote myself :
" No matter where you put your stop loss at, it will be hit just before the market goes your way. "Ignored
QQE on metatrader 0 replies
QQE Gann Indicator 1 reply
qqe help 3 replies
QzFX vs. QQE 5 replies
QQE and Gann Hi Lo Indicator 3 replies
DislikedLet me quote myself :
" No matter where you put your stop loss at, it will be hit just before the market goes your way. "Ignored
DislikedI haven't had a trade in almost 12 hours, and it feels good to be out right now.
Ignored
DislikedI envy you.
I was waiting for this rate cut for 2 weeks to go short on gbp/jpy and that 60 green pips hit my tight stop loss and made me lose my confidence, so I stayed out and watched it drop as expected and awaited. I don't have the iron will of a trader.Ignored
DislikedUp about 300 pips.
Just TPd out on the retrace down, but gonna sit it out until Tokyo now.
Off to take my son to the DRs.
good to get away from this stress machine.
happy trading.Ignored
DislikedI don't think that rate cutting is lowering the risk aversion. Especially when we are talking about surprising 0.75 and expected 0.5 cuts. That is only showing that the situation is really bad. Yes the stock market will react positively, they like to see a weak dollar in the short term, but that doesn't bring confidence to the traders to put their money in risky carry trades. I remain bearish ... we'll see what happens. I'm just asking myself why didn't I made a long eur/usd call instead of risking it with the gbp/jpy ... but high volatility made me greedy.Ignored
DislikedPC, Sith and all.....
Hope today's been a positive one for you all.
Missed the big plummet down after the news, as I was away from the terminal and didn't want to 'Let it Ride'........
15m, 1H and 4H are all pointing south. QQE's and Stoch crossed down.
30M is about to cross down as well.
Will probably take until London to get there, but I think 209.5 area is realistic, it's the 50% fib retracement from the last big move up.
We've hit a 50fib retracement every day this week I think, during the Tokyo sesh.
Like watching paint dry, but if she gets there, I'll be happy as I have a few more lots riding on it than usual.
Short from 211.56 and 211.14, TP 209.59Ignored
DislikedI'll be keeping an eye open for a possible 15 minute short trade. The S1 support @ 209.50 looks like a favorable target, if it does materialize.Ignored